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The Genworth Mortgage (ASX:GMA) share price smashed 14% higher today // The Motley Fool Australia
The Genworth Mortgage Insurance Australia Ltd (ASX: GMA) share price flew over 14% higher today to close the day at $2.95 a share.
Genworth Mortgage Insurance provides lenders mortgage insurance (LMI) in Australia. GMA currently offers three main LMI products: Standard LMI, Homebuyer Plus and Business Select/Low Doc.
Given there was no specific news out of the insurer today, let’s take a closer look at its recent performance.
Genworth full-year earnings on the horizon
Genworth recently announced that its financial results for the full year of 2020 will be released prior to market opening this Friday 12 February 2021.
Looking at its most recent quarterly update, as of 30 September 2020, Genworth had over 31,000 repayment…
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